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Report Date : |
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Tel. No.: |
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Fax No.: |
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E-Mail : |
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IDENTIFICATION DETAILS
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Name : |
CREATIVE DESIGN CONSULTANTS LIMITED |
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Formerly Known As : |
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Registered Office : |
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Country : |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
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No of Employees : |
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RATING & COMMENTS
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MIRA’s Rating : |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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Maximum Credit Limit : |
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Status : |
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Payment Behaviour : |
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Litigation : |
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ECONOMIC OVERVIEW
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Source
: CIA |
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CREATIVE DESIGN
CONSULTANTS LIMITED |
Telephone |
No listings |
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65 LIMESDALE GARDENS |
Fax |
- |
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EDGWARE |
Website |
- |
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MIDDLESEX |
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HA8 5HY |
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United Kingdom |
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Company Number: |
06229758 |
Status: |
Active - Accounts Filed |
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Foundation: |
27/04/2007 |
Vat No |
N/A |
Main indices
Payment
experience and credit opinion
No
exact match CCJs are recorded against the company.
Net
Worth decreased by 26% during the latest trading period. A 36.3% decline in
Total Assets occurred during the latest trading period. The company saw a
decrease in their Cash Balance of 69.3% during the latest trading period. The
movement in accumulated earnings would indicate that the company incurred a
loss after tax and other appropriations, including dividends.
There
has been no significant change in the company's credit limit. The previous
trading period saw no significant change in the percentage of sales. There has
been no discernible change in the company's pre-tax profit. The company is
exempt from audit. The company has undergone recent changes in its
directorships. The company is not part of a group. The company was established
over 7 years ago.
Legal form
Private
limited with Share Capital
Foundation
27/04/2007
Company No.
06229758
Shareholders
|
Name |
Currency |
Number of shares |
Share
type |
Nominal
value |
|
MAHESH
KUMAR AJWANI |
GBP |
100 |
ORDINARY |
1 |
Management
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Directors |
||||
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Name |
Address: |
Date of birth |
Nationality |
Appointment date |
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Mr
Mahesh Kumar Ajwani |
977a Harrow Road,
Wembley, Middlesex HA0 2SF |
28/11/1957 |
British |
01/04/2014 |
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Company
Secretary |
||
|
Name |
Address: |
Appointment |
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|
date |
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Mr
Mahesh Kumar Ajwani |
977a Harrow Road, Wembley, Middlesex HA0 2SF |
27/04/2007 |
Other Known Addresses
65
Limesdale Gardens, Edgware, Middlesex HA8 5HY
Business activities
Main activity
SIC03 Wholesale of
clothing and footwear
SIC07 Wholesale of
clothing and footwear
Economic data
Turnover and Employees
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Date
of Accounts |
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|
31/03/2012 |
GBP 237,284 |
Not Stated |
|
31/03/2013 |
Not Stated |
Not Stated |
|
31/03/2014 |
Not Stated |
Not Stated |
Supplementary data
Banks
|
Bank
Name |
Bank Branch Sort Code |
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BARCLAYS
BANK PLC |
20-30-19 |
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Events |
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Company
history |
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Date |
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13/02/2010 |
New Accounts Filed |
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13/02/2010 |
New Accounts Filed |
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20/05/2010 |
Annual Returns |
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05/01/2011 |
New Accounts Filed |
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06/05/2011 |
Annual Returns |
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12/08/2011 |
New Board Member Mr M.K Ajwani appointed |
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19/12/2011 |
New Accounts Filed |
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04/05/2012 |
Annual Returns |
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04/09/2012 |
New Board Member Mr S. Agarwal appointed |
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05/09/2012 |
Mr. M.K. Ajwani has left the board |
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06/09/2012 |
GATHANI HOLDINGS LIMITED has left the board |
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05/01/2013 |
New Accounts Filed |
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21/06/2013 |
Annual Returns |
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09/01/2014 |
New Accounts Filed |
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18/06/2014 |
Mr S. Agarwal has left the board |
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21/06/2014 |
Annual Returns |
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23/06/2014 |
New Board Member Mr M.K. Ajwani appointed |
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05/11/2014 |
New Accounts Filed |
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County
Court Judgments (CCJs)
There
are no County Court Judgments listed against this company
Accounts
Profit & Loss
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52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
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Turnover |
0 |
0 |
237,284 |
81,635 |
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Export |
- |
- |
- |
- |
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Cost of Sales |
- |
- |
209,072 |
80,558 |
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Gross Profit |
- |
- |
28,212 |
1,077 |
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Wages And Salaries |
0 |
0 |
7,800 |
8,100 |
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Directors Emoluments |
- |
- |
0 |
0 |
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Operating Profit |
- |
- |
6,832 |
-18,408 |
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Depreciation |
558 |
473 |
86 |
0 |
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Audit Fees |
0 |
0 |
0 |
0 |
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Interests Payments |
- |
- |
562 |
433 |
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Pre Tax Profit |
0 |
0 |
6,832 |
-18,408 |
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Taxation |
- |
- |
0 |
0 |
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Profit After
Tax |
- |
- |
6,832 |
-18,408 |
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Dividends Payable |
- |
- |
0 |
0 |
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Retained Profit |
- |
- |
6,832 |
-18,408 |
Balance Sheet
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31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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52 |
52 |
52 |
52 |
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GBP |
GBP |
GBP |
GBP |
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Group: No |
Group: No |
Group: No |
Group: No |
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Tangible
Assets |
1,117 |
1,333 |
1,246 |
0 |
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Intangible
Assets |
0 |
0 |
0 |
0 |
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Total
Fixed Assets |
1,117 |
1,333 |
1,246 |
0 |
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Stock |
0 |
0 |
0 |
0 |
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Trade
Debtors |
0 |
22,410 |
0 |
18 |
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Cash |
85,285 |
21,309 |
69,442 |
27,176 |
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Other
Debtors |
0 |
0 |
0 |
0 |
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Miscellaneous
Current Assets |
0 |
0 |
0 |
0 |
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Total
Current Assets |
85,285 |
43,719 |
69,442 |
27,194 |
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Trade
Creditors |
30,344 |
62,869 |
84,834 |
48,172 |
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Bank
Loans and Overdraft |
0 |
0 |
0 |
0 |
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Other
Short Term Finance |
0 |
0 |
0 |
0 |
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Miscellaneous
Current Liabilities |
12,862 |
0 |
0 |
0 |
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Total
Current Liabilities |
43,206 |
62,869 |
84,834 |
48,172 |
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Bank
Loans and Overdrafts LTL |
18,449 |
0 |
0 |
0 |
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Other
Long Term Finance |
0 |
0 |
0 |
0 |
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Total
Long Term Liabilities |
18,449 |
0 |
0 |
0 |
Capital &
Reserves
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52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
|
Called Up Share
Capital |
100 |
100 |
100 |
100 |
|
P and L Account Reserve |
24,647 |
-17,917 |
-14,246 |
-21,078 |
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Revaluation Reserve |
0 |
0 |
0 |
0 |
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Sundry Reserves |
0 |
0 |
0 |
0 |
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Shareholders Funds |
24,747 |
-17,817 |
-14,146 |
-20,978 |
Other Financial Items
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52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
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Net Worth |
24,747 |
-17,817 |
-14,146 |
-20,978 |
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Working Capital |
42,079 |
-19,150 |
-15,392 |
-20,978 |
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Total Assets |
86,402 |
45,052 |
70,688 |
27,194 |
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52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
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Total
Liabilities |
61,655 |
62,869 |
84,834 |
48,172 |
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Net Assets |
24,747 |
-17,817 |
-14,146 |
-20,978 |
Cash Flow
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|
52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
|
Net Cash Flow from
Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from
Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
63,976 |
-48,133 |
42,266 |
23,651 |
Miscellaneous
|
|
52 GBP Group: No |
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
|
Capital Employed |
43,196 |
-17,817 |
-14,146 |
-20,978 |
Financial Ratio
|
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Pre Tax Profit
Margin |
0.0% |
0.0% |
2.88
% |
-22.55
% |
|
Current Ration |
1.97 |
0.70 |
0.82 |
0.56 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
-15.42 |
-3.89 |
|
Gearing |
74.55
% |
0.00
% |
0.00
% |
0.00
% |
|
Equity |
28.64
% |
-39.55
% |
-20.01
% |
-77.14
% |
|
Creditor Days |
0.00 |
0.00 |
130.13 |
214.79 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.08 |
|
Liquidity or Acid test |
1.97 |
0.69 |
0.81 |
0.56 |
|
Return on Capital Employed |
0.0% |
0.0% |
-48.29
% |
87.74
% |
|
Return on Total
Assets Employed |
0.0% |
0.0% |
9.66
% |
-67.69
% |
|
Current Debt Ratio |
1.74
% |
-3.52
% |
-5.99
% |
-2.29
% |
|
Total Debt Ratio |
2.49
% |
-3.52
% |
-5.99
% |
-2.29
% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets
Employed |
0.0% |
0.0% |
-48.29
% |
87.74
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.70 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.